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"In the third quarter, we made good progress in our strategic pillars to strengthen our mobile foundation and lead in AI," Baidu co-founder and Chief Executive Officer Robin Li said in a press release.

"On strengthening our mobile foundation, our strategy to leverage Baidu's leading AI technologies to increase the user scale and user stickiness of Mobile Baidu is showing measurable results. On our AI initiatives, we continue to focus on developing platforms for smart device and autonomous driving markets, as well as leveraging AI into vertical sectors, such as financial services," Li said.